Score: 29/60

Time Investment Score= 1

While you can work whatever hours you choose, the most profitable hours are when everyone is out having fun. Nights and Weekends. To earn a good income it requires working many hours.

Initial/Ongoing Costs Score= 1

HIGH start up costs include your vehicle. This hustle requires a newer car in good shape. You will also have regular costs of fuel, maintanance and insurance.

Residual Income? Score= 0

No residual income here. You get paid when you work and get a customer and only then.

Required Skills and Mentors Score= 10

As long as you have a drivers licence you have the skills. Between the App and online videos you should be up an running quickly.

Actual & Potential Earnings Score= 6

We gave this a lower score even though you could make a good income here because of the high expenses related to this hustle. Income reported varies greatly from as low as $5.00/hr to $45.00/hr minus expenses.

Income Tax Advantages Score= 8

You can claim business-related mileage, such as the mileage you drove to ride requests, the mileage you drove after dropping off the passengers if you are waiting for another ride, and the mileage you drove before rides were canceled.Your smartphone is essential to your business, so naturally its expenses are deductible. Also.licenses, tolls, toll transponder, Roadside assistance plans, Office supplies and more,
  • If you are willing to put in the hours you can make a really good side hustle income
  • You can take a day off any time you like
  • If you like people then this will be fun for you. You will meet a lot of different people.
  • Great tax write-offs - check with your local area accountant as ever area differs in exact write-offs available.
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  • To make the best money you will have to work the hours people need ride. Best hours will be Evenings and Weekends.  
  • Increased costs in Vehicle Insurance
  • Expensive to aquire or even maintain an eligible vehicle
  • Ongoing costs - You need to Save money for those surprize maintenance on your vehicle. You Will Have them. 
  • No
  • No Quick Start - There are a few hoops to jump through beofre starting.  Some will cost a little investment. Insurance, safety cert.,etc.
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Conclusion

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Other Side Hustle Options